Clubs can't afford Jay-Z during the credit crunch

JAY-Z is finding the credit crunch is hampering his London party plans.

The hip-hop superstar has found no club willing to stump up his appearance fee.

Representatives for the star, in town to watch his NBA team, the New Jersey Nets, take on Miami Heat at The O2 on Sunday night, initially asked for £25,000 for him to host a party.

Even though that figure has now gone down to £7,500, no clubs are interested.

A club source told theBuzz: “No club is willing to stump up the cash.

At this rate he might even have to party for free.”